Short Interest in Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY) Drops By 34.7%

Key Points

• Short interest fell 34.7% to 11,894 shares as of March 13 from 18,210 on February 26, with a days-to-cover ratio of just 0.1, indicating very low short exposure.
• Analysts have recently upgraded the stock—Kepler, Jefferies and HSBC moved ratings higher—and the consensus from six analysts is an average rating of "Buy" (2 Strong Buy, 2 Buy, 2 Hold).
• Price metrics show the stock opened at $185.44 versus a 50‑day MA of $232.29 and 200‑day MA of $243.16, with a 12‑month range of $185.00 to $294.72.

Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY - Get Free Report) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 11,894 shares, a decline of 34.7% from the February 26th total of 18,210 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 192,997 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Kepler Capital Markets raised shares of Hermes International from a "hold" rating to a "buy" rating in a research note on Tuesday, March 10th. Jefferies Financial Group upgraded shares of Hermes International from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 26th. Finally, HSBC raised shares of Hermes International from a "hold" rating to a "buy" rating in a report on Tuesday, March 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy".

Hermes International Price Performance

OTCMKTS:HESAY opened at $185.44 on Friday. The stock has a 50 day moving average of $232.29 and a two-hundred day moving average of $243.16. Hermes International has a 12 month low of $185.00 and a 12 month high of $294.72. The company has a current ratio of 4.99, a quick ratio of 4.19 and a debt-to-equity ratio of 0.11.

Hermes International Company Profile

Hermès International is a French luxury goods company renowned for its high-end leather goods, scarves, ready-to-wear apparel, watches, jewelry, fragrances and home accessories. Founded in 1837 as a harness and bridle workshop, the firm has evolved into one of the world's most recognizable luxury maisons, known for artisanal craftsmanship, quality materials and a focus on timeless design. The company is headquartered in Paris and maintains a strong heritage identity that influences its product development and brand positioning.

Key product categories include leather goods and iconic handbags, silk scarves and ties, fashion and accessories, timepieces and fine jewelry, as well as fragrances and selected home collections.

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